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| A Review of the U.S. Supreme Court’s Pfeifer Decision for Calculating Personal Damages (2265Q) |
Course CPE: 1 hour
Field(s) of Study: Finance–1 hr
Program Level: Basic
Prerequisites: Previous training or experience with the fundamentals of accounting, finance, economics, and business writing. These individuals are often at the staff or entry level in organizations, although such programs may also benefit a seasoned professional with limited exposure to the area.
Advanced Preparation: None
Delivery Method: QAS Self-Study |
Item
Number: 26FL0216ARU
Shipping Weight: 0lbs. 0oz. |
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$99.00 |
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Recording Date: February 16, 2026
Presenter: Allyn Needham
Program Description:
The field of litigation support provides a wide range of options for accounting and financial experts to work. Opportunities abound in the fields of commercial damages, business bankruptcy, and divorce. The one area that provides the greatest opportunity for work is the area of personal damages, which includes calculations for lost earnings, lost earning capacity, lost economic support, lost household services, and the present value of future medical and care costs. For those interested in working in the personal damages area, a review of the U.S. Supreme Courts’ Pfeifer decision provides a great outline as to what the courts expect from an expert’s work. This session will review the Pfeifer decision and a 5th Circuit decision that lays the framework for calculating personal injury and wrongful death losses.
Takeaways
The Pfeifer decision provides the foundational standards for the work performed by a financial or economic expert in personal damages cases. This decision explains the nation's highest Courts' position on calculating damages in personal injury and wrongful death cases. It also discusses the methods to be used in discounting future losses to present value. This session will provide a general overview of important sections of the decision with emphasis on the three discounting methods.
After completing this course, you will be able to:
- Identify the U.S. Supreme Courts' position on calculating lost earning capacity or lost economic support in personal damages cases
- Recognize the Court's opinions within an analysis
- Identify information as to what is understood by the courts regarding these types of calculations
- Determine the contents of a report based on the understanding of these decisions
- Determine the present value of future losses based on one of the three methods discussed in these decisions
- Select the methodology and approaches used when following these decisions for a written report or testimony
For more information regarding refund or concerns, please contact our offices at (800) 677-2009.
The Consultants’ Training Institute (CTI) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org. |
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